Friday, February 17, 2023

Enbridge: The Cost Of Going Woke -- Dividend At Risk -- February 17, 2023

TSM: cut dividend, to 35.97 cents. 

Enbridge: misses, link here.

  • EPS: 46 cents vs 56 cents; last year, 54 cents;
  • revenue: $9.888 million; down from $9,893 million one year ago
  • the weak quarterly results were primarily driven by lower contributions from the Renewable Power Generation Segment
  • this will not sit well with energy investors
  • is ENB losing its focus?

DE: link here.

  • IBD
  • earnings more than double
  • guides high
  • EPS: jumped 124%; $6.55 vs $5.57 estimate
  • revenue: surged to $12.652 billion vs $12.325 billion
  • guided net income of $8.75 billion to $9.25 billion
  • well above consensus estimates of $8.31 billion
  • DE closed down $7 yesterday; pre-market today, up $10
  • a huge thank-you to a reader getting me into DE over a year ago; it's now a regular part of my "new-money" allocation (40-30-20-5-5) -- for the archives.

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